- Ex-CEO of MicroStrategy believes bitcoin’s market share will grow to 80%
- And the rest of the industry will be “rationalized” around BTC
Ex-CEO of MicroStrategy and crypto enthusiast Michael Saylor believes that possible enforcement actions against the crypto-asset market could solidify bitcoin. He said this in an interview with Bloomberg on June 13.
He argued that only BTC is a commodity in the eyes of the SEC (Securities and Exchange Commission).. The regulator, however, has “no love” for other tokens and derivatives.
“The SEC view is that exchanges should only store and trade digital commodities. At the moment, this includes BTC exclusively, and so the entire industry is destined to be streamlined into a bitcoin-centric industry,” stressed Saylor.
This year alone, BTC’s market share has increased from 40% to 48%.. At the same time, the SEC continues to put pressure on the industry. In a recent lawsuit against Binance, the regulator counted 68 tokens as securities.
Saylor believes the market share of BTC will increase to 80% in the foreseeable future.. This is possible if the “confusion disappears,” after which big investors’ money will flow into the market.</nbsp;
It is interesting that not everyone shares the opinion of MicroStrategy’s ex-CEO. So, for example, Anthony Sassano, expert and investor, tried to shame the community:
“I am incredibly ashamed to watch some BTC holders rejoice in the fact that the SEC came after Coinbase. No one has done more to embrace bitcoin.”
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